Assume that the accounts receivable turnover ratio of your company in 2019 was 19.14 times....
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Accounting
Assume that the accounts receivable turnover ratio of your company in 2019 was 19.14 times.
What was the companys average collection period in 2019?
a. 19.07 days
b. 14.84 days
c. 16.67 days
d. 24.6 days
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